Panel discussion: Part of PSi18 at University of Leeds 2012. Can be found in Digital Videos 12 folder
Value is an expression of belief: if we believe that such and such a company, or bank, possesses the assets it purports to possess, then, in effect, those assets exist. The moment we stop believing, the value of the company or bank collapses, and the assets in question cease to exist.A credit crunch is what happens when people suddenly stop believing in the financial system – or when we start to wonder why we believe what we are seeing on stage. Symposium Notes
This item is referenced in the Making Routes Study Room Guide (P1964).